Israelis and Palestinians have reached an agreement for the groundwork to resume peace talks, U.S. Secretary of State John Kerry announced on Friday.

“I’m pleased to announce that we’ve reached an agreement that establishes a basis for resuming final status negotiations between the Palestinians and the Israelis,” Kerry told reporters in Amman, Jordan.

“The agreement is still in the process of being formalized,” he added.

Kerry added that Palestinian negotiator Saeb Erakat and his Israeli counterpart Tzipi Livni would meet him in Washington “to begin initial talks within the next week or so.”